Revenue Search: Inside Bittensor Subnet Session with James Woodman from Targon: SN4
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Jul 16, 2025 James Woodman, founder of Targon (Subnet 4), shares insights on building BitTensor's top revenue-generating subnet, already pulling in over $100K annually. He discusses how Targon aggregates $70M in NVIDIA-certified compute while prioritizing privacy through trusted execution environments. Woodman reveals plans to distribute 100% of revenues back to alpha holders and outlines ambitious growth targets of $4M monthly. With a focus on catering to privacy-centric clients—from AI startups to defense—this session highlights the intersection of innovation and revenue in tech.
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Aggregating Premium NVIDIA Compute
- Targon aggregates NVIDIA-certified GPUs into a permissionless marketplace for inference inside TEEs.
- The subnet currently lists roughly $70M of premium hardware including ~1,000 H200s to serve paying clients.
Trusted Execution For Privacy
- Targon runs inference inside trusted execution environments so miners cannot see client data.
- TEEs provide a path to a trustless privacy guarantee that helps compete with cloud providers on sensitive workloads.
Lead With Cost Savings In Sales
- Pitch cost savings first when selling inference to enterprises because GPU spend is huge and dollar savings resonate.
- Emphasize measurable percent savings (e.g., 10%) to translate into large absolute dollar value for clients.